Type ONLY the letter that represents the correct answer next to the corresponding number in your answer booklet. E.g. 26 B Question 1 Suppose that a production possibilities curve is drawn to illustrate the choices average rural Nigerians make over how they spend their income. Given the information in the article, to Nigerians, the purchase of Starlinks internet service… a) falls within the PPC b) falls beyond the PPC c) falls along the PPC d) will have no effect on the PPC ? Question 2 When the announcement was made in January about the availability of Starlink in Nigeria, which of the following occurred in the market for internet connectivity? a) There was a change in demand for internet connectivity. b) There was a change in supply c) There was a change in quantity supplied d) There was no change in quantity supplied but there was a change in demand Question 3 As Starlink is made available to more and more countries, we know for certain that for Starlink… a) Average variable costs will decrease b) Average costs will remain unchanged c) Average fixed costs will decrease d) Average total costs will increase (4 m (4 mar (4 marks
